Bar Drink Coasters Perfect Vehicle for CBD Advertisement
According to a report by Global Market Insights, Inc, the market valuation for Cannabidiol will cross $89 billion by the year 2026. The rapid growth is because of the increased demand for CBD products after the legalization of cannabis for medical and recreational use. The growing application of CBD in the medical field has contributed immensely to the popularity and demand for cannabis products. Consequently, we continue seeing new companies enter the industry while the existing companies intensify their competition techniques. For the new entrants to compete with the established brands effectively, there is a need for a CBD advertisement strategy change. Overall, the CBD industry is facing increased advertising challenges. This is considering that cannabis still a regulated substance, and advertisements require multiple approvals. Some of the CBD advertising challenges include: 1. Age-based restrictions that complicate CBD advertisement 2. Federal restrictions 3. Varying cannabis adv